First time home buyers

HLP has received a $20,000 grant award from the CBC Mortgage Agency, a government housing agency owned by a Native American tribe.

Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week.

The lack of knowledge around the home purchase process was cited by 39% of mortgage executives as the leading barrier keeping potential first-time buyers from entering the market.

Here's a look at the 12 cities where the number of affordable homes increases the most when buyers have a 20% down payment rather than only putting down 10%.

Cities in the South are more affordable for first-time homebuyers because of less competition and lower prices, according to Zillow.

Pending sales of existing detached homes in the Albuquerque metro area during April shot up 23% from a year ago.

JPMorgan Chase will give its Sapphire credit card customers 100,000 rewards points for closing home-purchase loans with the bank.

While consumers pay for mortgage insurance policies, carriers like Arch MI are forging new relationships with real estate agents and strengthening lender partnerships to reach the growing segment of millennial and low-to-moderate-income homebuyers.

Driving the streets of Mitchell, S.D., and seeing for-sale signs throughout the city, Jesse Stroud is confident he'll find his next home soon.

A multimillion-dollar incentive program announced by the state Wednesday will offer financial assistance to recent college graduates looking to buy homes in Oneonta and seven other upstate New York cities.